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Article
Publication date: 11 October 2019

Elisa Giuliani and Federica Nieri

The purpose of this paper is to provide a short commentary on the negative consequences of contemporary global capitalism on society. Despite the economic growth experienced…

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Abstract

Purpose

The purpose of this paper is to provide a short commentary on the negative consequences of contemporary global capitalism on society. Despite the economic growth experienced across the world over the past century, the so-called grand challenges which include, for instance, rising inequality, global warming, modern slavery and child labor, are becoming endemic phenomena also in high income countries. The authors invite further research to come up with radical ideas to fix “bad” capitalism.

Design/methodology/approach

The proliferation of negative business conducts has led international business scholars to propose new ways to address sustainability grand challenges. The articles in this special issue on which the authors were invited to comment, Holmström Lind, Kang, Ljung and Forsgren; Lashitew and van Tulder; Zagelmeyer, are contributing to this agenda. The authors contextualise these articles in the current scholarly discussion on the social role of Multinational Enterprises (MNEs).

Findings

Despite all the calls for business to be more responsible and despite the steps taken by MNEs through their Corporate Social Responsibility (CSR) policies, this is not enough to address contemporary grand challenges with any degree of seriousness.

Originality/value

The authors invite further research to propose new attempts to fix “bad” capitalism that also involve a rethinking of the way companies reward corporate elites and redistribute their gains.

Details

critical perspectives on international business, vol. 16 no. 2
Type: Research Article
ISSN: 1742-2043

Keywords

Book part
Publication date: 31 July 2023

Federica Nieri

How does context shape the way in which corporations contribute to or impede progress toward sustainable development goals (SDGs)? In this chapter, the author studies how the…

Abstract

How does context shape the way in which corporations contribute to or impede progress toward sustainable development goals (SDGs)? In this chapter, the author studies how the state as corporate owner and in its broader function in the institutional environment affects companies’ involvement in misbehaving practices related to human rights issues, with a focus on the banking industry. Based on a longitudinal analysis of 178 banks over the cohort 1996–2018, the results show that state-owned banks, as well as those from institutionally weak environments, are more involved in business-related misbehaving practices. Moreover, in a strong institutional environment, state-owned banks are more involved in corporate misbehavior than non-state-owned banks. These results contribute to the literature on corporate misbehavior, focusing on the state’s role in preventing or facilitating banks’ involvement in misbehaving practices. The author concludes by discussing the findings’ implications and providing suggestions for future research.

Details

International Business and Sustainable Development Goals
Type: Book
ISBN: 978-1-83753-505-7

Keywords

Book part
Publication date: 31 July 2023

Rob van Tulder, Isabel Álvarez and Elisa Giuliani

A cascade of crises that materialized in particular over the 2019–2022 period, increases the relevance for international business (IB) scholarship to address the following…

Abstract

A cascade of crises that materialized in particular over the 2019–2022 period, increases the relevance for international business (IB) scholarship to address the following question: whether, to what extent and under what circumstances can multinational enterprises (MNEs) rescue the sustainable development goals (SDGs) and make sure that nobody is left behind in a globalized world where the opposite seems to be the case? For many MNEs, slow progress in implementing the SDGs in a more strategic and transformational manner does not necessarily hint at a lack of interest with management, but also at a lack of solid knowledge and/or experience in how to implement general development ambitions like the SDGs. This introductory chapter defines the intellectual and managerial challenges ahead. It refers to relevant efforts already done in the IB community – with reference to IB journals that issued special editions on the topic – and explains why five angles have been chosen to cluster the contributions in this volume which are also aimed to enhance further progress in the study of MNEs and the SDGs: (1) general, (2) strategic, (3) operational, (4) contextual and (5) misbehavior.

Details

International Business and Sustainable Development Goals
Type: Book
ISBN: 978-1-83753-505-7

Keywords

Content available
Book part
Publication date: 31 July 2023

Abstract

Details

International Business and Sustainable Development Goals
Type: Book
ISBN: 978-1-83753-505-7

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